Investment in Canadian Building Construction Rose 5.9% in March 2021

Statistics Canada (StatsCan) reported on Wednesday (5-12-21) that investment in Canadian building construction rose 5.9% to $18.6 billion (CAD) in March 2021. For the eleventh consecutive month, residential construction investment also increased, rising 7.6% to $14.0 billion (CAD) in March 2021. Investments in single family units jumped 10.7% to $ 7.8 billion (CAD) with Quebec leading the way with an increase of 30.4%. Growth in multi-unit construction continued and was up 3.9% to $6.2 billion. Non-residential construction investment rose 1.1% to $4.6 billion in March, with all components posting slight increases. Despite this gain, the commercial and industrial investment components were below pre-COVID-19 pandemic levels.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
Investment in building construction, March 2021